The Truth About The iPhone Upgrade Program

$1468 to buy the new iPhone 14 pro max 256gb or $61.16 per month for 24 months and I can upgrade to the latest one after 12 payments. HMMMMM

If I told you to buy a new toaster every year, you probably wouldn’t do it, not that much innovation in toasting bread, but upgrading an iPhone every year, well that’s just different.

If we could upgrade our iPhones every single year for free, I think everyone would do it right. However before you get to exited this isn’t free though, its just a cool way to get an iphone pay off over time, and also be able to upgrade if you want to; but you’re still paying for it.

If I had to pick one company to drop every single dollar I had, and leave it inside forever, I would be stuck between apple and coca cola, these companies are so good with customers loyalty. Think about, apple sold everyone an iPhone, so now they want sell everyone a subscription to get an iPhone every year and they are also turning that one device into a multitude of different business from ads, and videos subscription, insurance and more (its exciting)

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What they say:

-Get a new iPhone every year

-AppleCare+ coverage included (but you can upgrade to the theft one too) – usually cost $10-14 a month

-Works with your carrier

-Starting at $39.50 per month

What it sounds like to me:

-You make the equivalent of 12 months payments, so basically you pay half the phone and you also pay for apple care coverage ( 0% apr)

-Then you upgrade and that loan is canceled if you phone is good condition and you signed up to do it all over again ( that is you don’t have a remaining balance )

-How does apple win? A lot of people signed up for their apple care 0%, they have insurance, trade ins and their float increases, and people keep buying more phones

Cons:

-You’re stuck paying for something that you’ll never own if you keep upgrading

-You’re selling it back to apple for a big discount vs the market after 12 months (apple devices don’t drop by 50% a year that’s android)

Alternative:

-Buy the new iPhone, sell after 1 year and put in the difference

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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